Have you fallen victim to an overpriced insurance policy? Believe me, there are many people just like you. Having so many insurance companies to choose from, it can be hard to find the lowest price insurer.
Consumers need to take a look at other company’s rates every six months due to the fact that insurance rates are constantly changing. If you had the best deal on GLC-Class insurance a year ago a different company probably has better rates today. There is too much inaccurate information about insurance online, so with this article, you’re going to get some tested techniques to slash your insurance rates.
Finding affordable coverage is not that difficult. If you have a current insurance policy or are looking for a new policy, you can use these tips to find the best rates while maintaining coverages. Vehicle owners just need to learn the proper methods to shop for insurance over the internet.
The method we recommend to compare insurance rates from multiple companies is to know most of the bigger providers pay for the opportunity to give you rate quotes. All consumers are required to do is provide a little information including your general credit rating, whether your vehicle is owned or leased, how you use your vehicles, and if your license is active. That rating information gets sent immediately to many different companies and you get price estimates quickly.
When choosing the right insurance coverage, there really is not a “perfect” insurance plan. Every situation is different so this has to be addressed. Here are some questions about coverages that can aid in determining whether you might need professional guidance.
If you’re not sure about those questions, you might consider talking to an insurance agent. If you don’t have a local agent, complete this form or go to this page to view a list of companies. It’s fast, doesn’t cost anything and can help protect your family.
Knowing the specifics of your policy can be of help when determining which coverages you need at the best deductibles and correct limits. Insurance terms can be ambiguous and even agents have difficulty translating policy wording. Listed below are typical coverages found on the average insurance policy.
Uninsured/Underinsured Motorist coverage – This provides protection from other drivers when they either are underinsured or have no liability coverage at all. Covered losses include medical payments for you and your occupants as well as your vehicle’s damage.
Since many drivers carry very low liability coverage limits, their limits can quickly be used up. So UM/UIM coverage should not be overlooked.
Collision coverage – This pays to fix your vehicle from damage resulting from a collision with a stationary object or other vehicle. You will need to pay your deductible and then insurance will cover the remainder.
Collision coverage pays for things such as damaging your car on a curb, driving through your garage door, sustaining damage from a pot hole and scraping a guard rail. This coverage can be expensive, so you might think about dropping it from older vehicles. Another option is to bump up the deductible to get cheaper collision coverage.
Liability coverage – Liability insurance protects you from damage or injury you incur to a person or their property by causing an accident. It protects YOU against other people’s claims. It does not cover your injuries or vehicle damage.
Split limit liability has three limits of coverage: bodily injury for each person, bodily injury for the entire accident, and a limit for property damage. You commonly see limits of 50/100/50 which stand for $50,000 bodily injury coverage, $100,000 for the entire accident, and property damage coverage for $50,000.
Liability coverage protects against claims like structural damage, attorney fees and loss of income. How much liability coverage do you need? That is your choice, but consider buying as much as you can afford.
Medical payments coverage and PIP – Coverage for medical payments and/or PIP provide coverage for bills like pain medications, dental work, funeral costs, surgery and hospital visits. They are utilized in addition to your health insurance program or if you lack health insurance entirely. They cover you and your occupants and also covers getting struck while a pedestrian. PIP is only offered in select states but it provides additional coverages not offered by medical payments coverage
Comprehensive coverage – This pays to fix your vehicle from damage that is not covered by collision coverage. You first have to pay a deductible and then insurance will cover the rest of the damage.
Comprehensive coverage pays for things like damage from flooding, theft, a tree branch falling on your vehicle and rock chips in glass. The maximum amount a insurance company will pay at claim time is the cash value of the vehicle, so if it’s not worth much more than your deductible consider dropping full coverage.